This NFT (Non-Fungible Token) is an Ethereum token representing a specific, one-of-a-kind digital asset. These assets can be utilized in games like CryptoKitties and sold or exchanged on various exchanges.

The latest crypto-based NFT collection to hit the market is PIT BULLS! 

What is NFT?

Non-fungible tokens definition (NFTs) is blockchain-based cryptographic assets distinguished by unique identification codes and metadata. They are not traded or exchanged in the same way that cryptocurrencies are. This is in contrast to fungible tokens, such as cryptocurrencies, which are interchangeable and can be used in economic transactions as a medium of exchange.

Cryptocurrencies, like actual money, are fungible, which means they may be sold or exchanged for one another. For instance, one Bitcoin is always worth the same as another. Similarly, one Ether unit is always equivalent to another. Due to their fungibility, cryptocurrencies are well-suited for use as a secure medium of exchange in the digital economy.

By making each token unique and irreplaceable, NFTs fundamentally alter the cryptographic paradigm, making it impossible for one non-fungible token to be equivalent to another.

NFTs enable the abolition of intermediaries, the simplification of transactions, and the creation of new markets. For example, an excellent vehicle for digitally representing actual assets such as real estate and artwork. Due to their blockchain-based nature, NFTs can also be used to eliminate intermediaries and link artists and audiences and identity management. Each NFT’s unique construction permits for a variety of application scenarios.

Additionally, non-fungible tokens are ideal for identity management. Consider the example of actual passports that must be presented at each point of entry and exit. Personal passports can be converted into NFTs, each with unique identifying qualities, allowing governments to streamline their entrance and leave operations. Additionally, NFTs can be utilized for identity management in the digital environment.

The complex and bureaucratic world of real estate transactions can be eased by adding pertinent metadata into each NFT. Decentraland is an Ethereum-based virtual reality platform that has already implemented this idea.

As NFTs mature and become integrated into the financial infrastructure of various companies, it may become viable to implement the same concept of tokenized pieces of land with varying values and locations in the physical world.

NFT COLLECTION OF PIT BULLS

The Pitbull NFTS results from the efforts of an internationally famous interdisciplinary artist with over three decades of experience in media arts. He draws inspiration for his work as an image sculptor from the intimate relationship between color and picture.

Installations, video works, motion picture film works (including short films), live performances, and sound sculptures are among his works. I’m working on a continuous cycle of research at the junction of multiple mediums to conjure up a new technology language and a distinct aesthetic style.

Details and features of the PIT BULLS NFT

There are now around 185 units of unique Pit Bulls NFT caps available. Each one is unique, with features such as wings, caps, clothing, and even skin color.

The NFTs have a starting price of 0.1 ETH, which is roughly USD 309.25. On OpenSea.io, you may find and buy them right now, and the sale will end on July 14, 2022, at 3:15 a.m. +08 local time.

Mark Andrushko, the creator

Mark is a well-known multidisciplinary artist who has worked in the media arts for over three decades. He’s a published author, game designer, graphic artist, and hardware and software developer. His work is officially published in various books, games, and the internet.